What is Capital Cost Allowance and How Does it Impact Your Business
Ronika Khanna CPA,CA
JULY 7, 2023
The accounting term for the same concept is depreciation (or amortization). The difference between accounting and tax is that while there are many depreciation methods that can be used for accounting purposes, the calculation for CCA in Canada is generally based on what is referred to as the “declining balance method” (see below).
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